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20121027
20121104
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Search Results 0 to 49 of about 60 (some duplicates have been removed)
what was happening. all of us in the auto industry were looking at gm and chrysler. we sought to companies on the verge offailure that were going to take down the entire supplier industry. we also saw an industry that had to be restructured. bill ford is my hero. he fired in self. they put forward in a good place, so they did not have to be rescued. they laid out a map for what had to be done, and everybody had to sacrifice. neil: and the end justifies it because things are back. and is starting with president bush. i'm not criticizing, but it did not lead to a slippery slope. >> once again, the difference between this was, this was not a bailout. a bailout is when you give money to the existing guys. restructuring. the key thing that obama did -- neil: the, the bankruptcy and restructuring. >> but the restructuring was driven by the president's team. a bankruptcy court would never have done that by itself, and it is the reason i don't like the mitt romney passive approach, just turn over to the courts. it would not have moved fast enough. it would not have taken the action t
about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we ar
have gm and chrysler, their chief furious over this line of attack centered around the auto industry. i want to play what the president said today regarding the auto ads from the romney campaign. >> you have folks that work at the jeep plant who have been calling their employers worried, asking, is it true? are our jobs being shipped to china? the reason they make these calls is because governor romney is running an ad that says so. except it's not true. everybody knows it's not true. >> and anne, in addition to not being truce, you see people in ohio taking it as cynical. they make people believe it's bad and horrible and somebody in china is about to take your job. >> that's the real risk for governor romney in running an ad like this, although obviously he had his reasons for doing so. the campaign obviously seeing ohio as does everyone as being it is lynchpin to be elected. anything he could do, if there are voters who are all right feeling skeptical of the auto bailout who might buy this, that's who this is targeted at. this is a fairly significant backlash, questioning of the fact
has been a huge failure. that drew another company into the fact check, gm, which had been saved of course by the auto bailout. a gm spokesman telling the press, "we've clearly entered some parallel universe." also from gm, "at this stage we're looking at hubble telesco telescope-like distances between campaign ads and reality." but here's the thing. it is one thing to lie about your record or even your opponent's record. but what mr. romney has done here is to lie about a third party. in that third party's back yard. and you can tell that mr. romney's ohio lie about jeep is not going to work in ohio in part because ohio voters follow the car industry like it's the local football team. the romney campaign's running these ads in youngstown, for example. take a look at the "youngstown vindicator." the kind of reporting they were doing back in july on a local plant. "i think part of this relates to our focus on quality and make sure parts are right so we don't pass problems further up the line," said somebody's cousin. here's the youngstown paper in august on a plant expanding. "goo
to help the auto industry. he is supported by lee iacocca and the detroit news. obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that
decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some
took gm into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approved this message. >> the ad is aggressively misleading so much so that it caused panic calls from the ohio workers at chrysler jeep plants who feared their jobs are being outsourced and frommed gm and chrysler to set the record straight. the ceo of chrysler wrote an op-ed saying i feel obliged to restate our position. jeep production will not be moved from the united states to chi that. jeep assembly lines will remain in operation in the united states and will create the backbone of the brand. there was this response later in the day from gm spokesman in "the detroit free press" we've clearly entered some parallel universe during the last few days not of campaign politics at its cynical worst will diminish our jobs of jobs in the u.s. and the obama campaign worked up their own response ad and the president rebutted mitt prromne directly. >> you've got folks who work at the jeep plant who have been calling their em
,000 jobs that were created last month according to the adp report. gm reports an increase in sales, and housing construction numbers are up. all this is good and unemployment numbers are coming out tomorrow which probably show we've had 33 consecutive months of job growth and more than 5.2 million jobs. that's all good news the president can point to in saying we're moving forward, not backwards. >> amy, the political buzz story of the day. on a lot of front pages of blogs and newspapers, you've got this picture of the president and chris christie, both of them praising each other yesterday. let me play a little of the back-and-forth. >> there will be some folks who will criticize me for complimenting him. but you know what? i speak the truth. that's what i always do. sometimes you guys like it. sometimes you don't. sometimes politicians like it. sometimes they don't. but i say what i feel and what i believe. and i'm just doing the same thing with the president of the united states. so i did pinch myself every day. you know, like when i got on marine one, i'm pinching myself, belie
are told governor romney to knock it off. gm said, we have been creating jobs in the united states should be a sort of bipartisan pride and i couldn't agree more. and i understand that governor romney has had a tough time here in ohio because he was against saving the auto industry and it's hard to run away from that position when you're on videotape saying the words, let detroit go bankrupt. and i know we're close to an election, but this isn't a game. these are people's jobs. these are people's lives. these car companies are putting a lot of effort to make great products, but also to make sure that everybody in america knows how committed they are to making cars here in america. so you don't scare hard work and americans just to scare up some votes. that's not what being president is all about. that's not leadership. when i first made the decision to rescue the auto industry, i knew it wasn't popular. and despite the fact that one out of eight jobs in ohio are connected to the auto industry in some way, it wasn't even popular here in ohio. but i knew it was the right thing to do. i knew
chrysler and gm and ordered to ship those jobs, and the production overseas to china. that was shall did -- and he got attacked by the republican papers in the state including the youngstown vindicater being indefensible. and i just think it had to be the product of, conclusion that the auto bailout really was a mountain too high for him to climb. and they had to somehow destroy booma's credibility. >> woodruff: and the romney campaign is saying the ad is accurate, that it is factual. >> they seem to be the only ones though, to be honest saying that. and so one of the questions of the campaign is does that hurt. has anybody been hurt by doing a dishonest adment so far we haven't seen that much evidence. i do think there is some evidence that people are just getting sick of it they are saying this is the most dishonest race we've seen. so it is possible that some of t very early ads that obama ran against romney last summer could turn out to be the crucial things that turn the whole election, i think a number of them were dishonest. maybe not as dishonest opinions about romney's business
to the back and fourth over the one ad run in ohio. >> obama took g.m. and chrysler to bankruptcy and sold chrysler to italliance who would build jeeps. romney will fight for every american job. >> you have folks working at the jeep plant calling employer worried asking is it true are the jobs shipped to china? the reason they make calls is governor romney is running an ad that said so. it's not true. >> the head of chrysler confirmed the romney ad said the company intended to return jeep production to china. world's largest auto market. in order to satisfy local market demand. obviously touchy. there is one speech that romney said take the jobs from ohio to china. the add does not say that. whether it infers that is neither here nor there. but chrysler-fiat is building jeeps in china. number one. number two, models in italy including jeeps are going to be exported in to the u.s. what about the controversy. >> the "new york times" had this alone to say it concentrate on ad that will stretch the truth is unbeliev unbelievable. they want to liquidate the auto company and disappear in thin ai
't a game. these are people's jobs at stake. these are people's lives. companies like g.m. and chrysler, they put a lot of time and effort and money into building up their brand and letting americans know that the american auto industry is back. and we don't want suddenly a bunch of ads saying stuff that's not true. you don't scare hard working americans just to scare up some votes. you know i tell the truth. and you know i fight for working families every single day as hard as i know how. >> president obama concluded his speech this way. >> and that's why i need you, ohio. to make sure that no matter who you are or what you look like or where you come from, what your last night is, where you started, no matter what, you can make it in america if you try. that's why i'm asking for your vote and if you're willing to work with me and knock on some doors with me and make some phone calls with me and turn out to the polls with me. we'll win this election. we'll win ohio. >> new polls show president obama polling ahead of mitt romney among likely voters in the battleground states of virginia
took gm into bankruptcy and sold chrysler to italian who is are going to build jeeps in china. >> of course it turns out it's not true. the company ceo told governor romney himself knock it off. >> reporter: the squabble over that spot has made headlines here in ohio, the obama campaign hit back on air. >> politics at its cynical worst. >> reporter: on a stump the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign, that's definitely not change. that's the oldest trick in the book. yeah. that's what governor romney's been doing these last few weeks. and i know what real change looks like because i've fought for it. right along side you. and after all we've been through together, we sure can't give up now. >> report from cnn's jessica yellin. she's with the president in lima, ohio, right now. we'll speak with her later. we have reporters all over the country right now getting ready for tuesday's election. they're in all the key battleground states. much more coming up from all of these reporters. meanwhile, the
industry, but for who? ohio or china? gm cut 15,000 american jobs, but they are planning to double the number of cars in china which means 15,000 more jobs for china. chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry baneber. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of that that runs. it has drawn a strong rebuke from the owners of chrysler. again, it is taking two unrelated things and trying to argue that the president is responsible for the shipping of jobs to china. there are investment being made in jeep in ohio. i think it is an example of how important the although voter is. -- the auto voter is. there may be some people who peel off who get upset about that china issue. host: r
was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this state has a republican governor like florida and virginia and wisconsin and who to you credit for this? most people talking about here are showing what the polls are showing a slight edge for obama. and the question is who goes otut vote and whout to vote, and what happen s s toe undecideds, because there are still some. >> and we will let the viewers know how it stands in ohio. i though you have to get back on the tour bus. appreciate your doing that for us. >>> and the key battleground state ohio, and no offense, florida, because we love you, too. but i want to let you know about a buckeye presidential poll that will kick off at 4:00 p.m. on cn. meanwhile on the october jobs
. this morning i was in youngstown and youngstown, we produced the chevy cruz. that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's also done well in terms of showing the power of the office by just the latest move of having the military assist in delivery of fuel. it also shows up the hollowness of governor romney, his flip-flopping. for example, on the issue of fema, he was suggesting months ago that maybe you don't need a federal emergency management agency, maybe you can just let each state fend for itself. now, imagine where we would be if someone had actually taken that advice and killed fema. you would have new york, new jersey, each fighting with
in china, which a later romney ad accurately repeated. listen. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their employers, worried, asking, is it true, are our jobs being shipped to china? and the reason they are making these calls is because governor romney has been running an ad that says so. except it's not true. >> reporter: nevertheless the head of fiat-chrysler confirmed exactly what the romney ad said that the company had intended to return jeep production to china, the world's largest automarket in order to satisfy local market demand. the controversy of course is touchy because getting bailed out by american tax dollars a company was deciding to crea
like. >> we're in toledo. >> we were in youngstown yesterday. it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is evidence that this is 32 straight months of private sector growth, and you have mitt romney on the other side saying that it's a sad reminder that the economy is at a standstill. his own words. beyond the spin here, what do you think voters are hearing when they hear this number today, and does it even change their perception at all of how the economy is doing? to either one of you. >> suzanne, you know, the uptick is not great news for the obama campaign. it is still -- >> this is a 7.8% to 7.9%. >> that's the top line number that people pay a
Search Results 0 to 49 of about 60 (some duplicates have been removed)